Bonds issued under the provisions of the County Industrial Revenue Bond Act shall be legal investments for savings banks and insurance companies organized under the laws of this state.
§ 4-59-11 NMSA 1978
Bonds made legal investments
Known as the County Industrial Revenue Bond Act
The act spans §§ 4–4 (19 sections).
1953 Comp., § 15-60-11, enacted by Laws 1975, ch. 286, § 11.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.